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Intel Lowers Q3 Expectations

Disappointing chip demand, coupled by an inability to simulate the market with price cuts, caused Intel to reduce its quarterly estimates. Worldwide demand for processor products is below previous expectations driven by lower than expected end demand, along with customer reductions in component inventory levels. Intel would take an inventory writedown in the third quarter for undisclosed “product reserves. Faced with excess inventories and slow notebook PC sales in the marketplace, Intel was expected to be at the lower end of its previous guidance for the third quarter. Meanwhile, chip demand is also disappointing in all regions, including Asia, Europe and North America. Intel experienced “lower-than-expected demand for microprocessors and flash memories.

Disappointing chip demand, coupled by an inability to simulate the market with price cuts, caused Intel to reduce its quarterly estimates. Worldwide demand for processor products is below previous expectations driven by lower than expected end demand, along with customer reductions in component inventory levels. Intel would take an inventory writedown in the third quarter for undisclosed “product reserves. Faced with excess inventories and slow notebook PC sales in the marketplace, Intel was expected to be at the lower end of its previous guidance for the third quarter. Meanwhile, chip demand is also disappointing in all regions, including Asia, Europe and North America. Intel experienced “lower-than-expected demand for microprocessors and flash memories.

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